the wherewithal » consumer credit http://www.thewherewithal.org Mon, 25 Jan 2010 12:07:08 +0000 http://wordpress.org/?v=2.7 en hourly 1 Bank of America’s credit card liabilities http://www.thewherewithal.org/2010/01/20/bank-of-americas-credit-card-liabilities/ http://www.thewherewithal.org/2010/01/20/bank-of-americas-credit-card-liabilities/#comments Wed, 20 Jan 2010 15:38:31 +0000 JoeD http://www.thewherewithal.org/?p=250 Interesting to note the rise of credit card liabilities as a potential major issue for US financial services companies. Bank of America’s recently announced figures reveal that it is the credit card division that has trumped other losses in the business - including that incurred by having to pay back the US government some of its bailout money. This raises the question: is unsecured credit default the sting in the tail of the secured credit crisis?

]]> http://www.thewherewithal.org/2010/01/20/bank-of-americas-credit-card-liabilities/feed/ Performing Transparency: A Long View http://www.thewherewithal.org/2009/02/12/performing-transparency-a-long-view/ http://www.thewherewithal.org/2009/02/12/performing-transparency-a-long-view/#comments Fri, 13 Feb 2009 02:26:01 +0000 JoeD http://www.thewherewithal.org/?p=87 My guest blogspot over at Socializing Finance continues…

Today’s post looks at the Magna Carta as an early attempt to perform transparency in relation to forms of borrowing. I also talk about its materiality, so here’s a picture to remind you of what it looks like (I couldn’t get this to work on the Socializing Finance site).

Magna Carta

The Magna Carta (1215)

]]> http://www.thewherewithal.org/2009/02/12/performing-transparency-a-long-view/feed/ The shifting controversies of consumer credit http://www.thewherewithal.org/2009/02/10/the-shifting-controversies-of-consumer-credit/ http://www.thewherewithal.org/2009/02/10/the-shifting-controversies-of-consumer-credit/#comments Tue, 10 Feb 2009 13:54:40 +0000 JoeD http://www.thewherewithal.org/?p=84 My first guest post on Socializing Finance looks at the status of consumer credit as a controversial object. You can have a read here.

I’ve also posted up a working paper on the site, which can be downloaded here.

Any and all comments welcome!

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